Key Development

Avante Spaces Limited, a wholly-owned subsidiary of Kirloskar Industries Limited, appointed Mr. George Verghese as its Managing Director.

Appointment Details

  • Effective Date: 18 September 2026
  • Term: Until 19 May 2030
  • Approval Authority: Avante Spaces Limited Board of Directors (approved on 18 September 2026)
  • Condition: Subject to approval of the members of Avante Spaces Limited
  • Concurrent Role: Mr. Verghese will continue serving as Managing Director of Kirloskar Industries Limited (appointed 20 May 2025)

Background and Experience

Mr. George Verghese brings over 21 years of leadership experience across global organizations including Dell, Reliance Communications, UST Global, and Cummins. His career spans diverse functions including business operations, human resources, business strategy, marketing, and branding.

Educational Qualifications

  • Master's degree in Management from XLRI Jamshedpur
  • Bachelor's degree in Engineering from the College of Engineering, Munnar

Previous Roles in Kirloskar Group

  • Joined Kirloskar Group in April 2021 as Vice President – Group HR
  • Subsequently served as CHRO and Chief of Staff at Kirloskar Oil Engines Limited
  • Part of core leadership team that successfully steered strategic business turnaround at Kirloskar Oil Engines
  • Currently Managing Director of Kirloskar Industries Limited since 20 May 2025

Chairman's Commentary

Rahul Kirloskar, Chairman of the Board at Avante Spaces Limited, stated: "For over five years, George has been actively involved across multiple Kirloskar Group companies, contributing to business strategy, operational execution, and initiatives spanning HR, marketing, and culture. His experience across these areas has added valuable perspective to the Group's journey, and his expertise will further strengthen Avante Spaces as it builds for the future."

Leadership Contributions

At Kirloskar Industries Limited, Mr. Verghese has worked closely with leadership teams and boards across multiple group companies on:

  • Strategic direction
  • Operational alignment
  • Institutional strengthening
  • Long-term value creation
  • Transformation initiatives
  • Organizational effectiveness enhancement
  • Enterprise-wide governance practices
  • Business strategy alignment with evolving priorities

Subsidiary Information

Avante Spaces Limited is described as "the real estate vision of the 135+ year-old Kirloskar Group" focusing on innovation, sustainability, and functionality in real estate development.